Hot Stock Minute

Groupon upgraded; PetSmart shares rise again; United to outsource jobs

Here is a look at some of the stocks the Yahoo Finance team is watching for you today.

Groupon (GRPN) shares rose in early trading. The stock was upgraded by B. Riley to "buy" from "neutral." The brokerage firm also raised its price target to $9.50 from $6. The firm says Groupon is entering a period of easier year-over-year comparisons while improvement in operational costs will drive organic growth and margins

NeuroMetrix (NURO) shares jumped before the bell after the Food and Drug Administration approved its Sensus chronic pain treatment device for over-the-counter use. The wearable device delivers electrical stimulation to sensory nerves as a method to relieve pain.

United Airlines (UAL) was also in the spotlight this morning. The company announced it will outsource more than 630 union jobs at twelve U.S. airports. The airline is trying to cut costs after reporting a first-quarter loss in April. The jobs affected will be mostly ticket agent, gate agent and baggage handler positions.

PetSmart (PETM) shares were on the move once again. The pet's supply retailer remains in focus after Longview Asset Management became the latest shareholder on Monday calling for the company's board to consider selling itself. The company said it's evaluating its options.



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